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2244 12th Ave
For Sale $1,350,000
$1,350,000
- 7 Units
- Unknown Sq Ft
- 7,500 Sq Ft
- Unknown Cap Rate
Description
Cap Rate - 6.66% (Current) | GRM - 8.52 (Current) | Cap Rate - 8.78% | (Proforma) | GRM - 7.06 (Proforma) 2244 12th Avenue features seven (7) units, all of which are large 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include city-required point of sale ordinances such as sewer lateral replacement, fire inspection compliance, sidewalk, and removal of the soft story list. A 2-car garage and small parking lot in addition to a leased laundry room provide additional income. The property allows for both a turn-key investment with upside upon light remodels in some units enabling higher rents. Located on the Clinton / Bella Vista neighborhood border, the property is located in proximity to local businesses just east of Lake Merritt. A short drive provides quick access to Highway 580 or 880 allowing easy connects to San Francisco, Berkeley, and Silicon Valley.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,350,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 7 spots |
| Year Built | 1962 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 2230115 |
| MLS # | 41113160 |
| Property ID | 322217993 |
| Lot Sqft | 7,500 |
| Zoning | Unknown |
| Total Units | 7 |
| Days on Market | 109 |
| Original List Price | $1,400,000 |
| Applicances | Gas Water Heater% |
| Date Updated | December 08, 2025 |
| Date Created | September 29, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Davide Pio an agent of . Lic #01522969
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 08, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT